This has FARCE written all over it… From the New York Times: A Somali teenager has arrived to face what are believed to be the first piracy charges in the United States in more than a century…Abduhl Wali-i-Musi, the sole surviving Somali pirate from the hostage-taking of an American ship captain, was handcuffed with a…
Uncategorized
My Two-Word Response to New York Mag's "The Rage of the Rich"
x My Two-Word Response to New York Magazine’s “The Rage of the Rich“? x x F@ck You. x x Read the full whining, whinging tragedy here: The Rage of the Rich (NYMag) Read Also: “But We Can’t Afford to Lose the Talent” and Other Bullsh*t
Market Recap: Stocks Go Their "Separate Ways"
[youtube=http://www.youtube.com/watch?v=lUYe0XLe4o8&feature=PlayList&p=F5713BA3870442B9&index=0&playnext=1] Stocks and investors went their “Separate Ways” today, so I thought it appropriate to pass along this video of the band Recess doing a cover of Journey‘s hit by that name. The singer is 9 years old, guys. Today, the 6 week stock market rally stalled as investors digested the earnings from Bank of…
Goldman & Citi: The Pot and The Kettle
So Goldman Sachs (GS) doesn’t like how Citigroup (C) made it’s numbers last week. Well neither do the rest of us, but we also don’t like how Goldman made their own numbers! From Bloomberg: While Citigroup posted first-quarter net income of $1.6 billion last week, the New York-based bank suffered an “underlying” loss of 38 cents a…
Stress Test: Capitalism Without Competition?
We’ve removed competition from just about every facet of American life for our children: No dodgeball or football in elementary school for fear of the more aggressive kids dominating the meeker kids Everyone who shows up to a spelling bee or a sporting event gets a ‘participant” award, just for having a pulse There is…
Why 10% Of Us Are Unemployed, Exhibit A
Hey Kids, I’m an ardent patriot and as American as apple pie, or the apple-flavored pie they serve at McDonalds. That said, I came across the below video, not exactly flattering to Americans in general, and thought I’d pass it on. For my friends who don’t feel like reading the Wall Street Journal, here’s a…
Bail-ski: A Toast to the Russian Oligarchs, They're Gonna Need It
Forbes Russia just put out its 100 Wealthiest Russians lists and in the spirit of Glasnost, I thought I’d open up the discussion here. The numbers are out and the news is uglier than that thing on Gorbachev‘s head for Russia’s billionaire oligarch class… From Forbes Russia via The Guardian UK: The number…
TGIF Market Recap: 6th Straight Winning Week, Now Its On!
The Reformed Broker, AKA Sir Ticks-a-Lot, here with today’s Market Recap… OK, listen up! I want to see all the sectors who went up this week take one step forward…Not so fast Metals and Miners! The 2:30 Look: Worst Performing Industries % Change Silver -4.67% Gold -3.47% Jigginess is in the air this Spring, whether…
Citigroup's Greatest, Bestest, Most Wonderfullest Quarter Ever (since 2007)
Oh, Vikram. Can it be true? Are you really rolling and pushing the bloated, rotting whale corpse that is Citigroup slowly back into the ocean and thus, back to life? From the New York Times: Citigroup reported first-quarter net income of $1.6 billion, after posting a loss of $5.11 billion in the period a year…
Market Recap: Bulls on the Loose, Google in the On Deck Circle
The Reformed Broker, AKA Phat Albert, here with today’s Market Recap… A lot of churning in the markets this morning, but the resolution was clearly to the upside. The Dow Jones Industrial Average is now at the highest point since the wheels fell off in early February. The consumer recovery plays were the winners today, with everything…
